Eagle Bancorp Announces Receipt Of Regulatory Approvals For Merger With Virginia Heritage Bank

Eagle Bancorp, Inc. EGBN ("Eagle") today announced that it had received the final bank regulatory approval required for consummation of the merger of Virginia Heritage Bank ("Virginia Heritage") with and into EagleBank, Eagle's wholly owned subsidiary bank, pursuant to the Agreement and Plan of Reorganization among Eagle, EagleBank and Virginia Heritage dated as of June 9, 2014 (the "Agreement"), from the Maryland Commissioner of Financial Regulation. Eagle had received regulatory approval of the Merger from the Federal Reserve Bank of Richmond on August 8, 2014 and from the Virginia State Corporation Commission on September 24, 2014. Subject to the approval of Virginia Heritage's shareholders of the Agreement and the satisfaction of other customary closing conditions, the Merger is expected to be completed on October 31, 2014.